Pre-tax profits at Irish-owned Acorn Life top €5.8m

PRE-TAX profits at Irish-owned life assurance company Acorn Life last year topped €5.8 million, figures show.

According to accounts just filed by the Galway-based firm, the company’s revenues declined from €63.6m to €55.6m in the 12 months to the end of December.

The filings show that the company’s profits were boosted by a €3m profit from the sale of a subsidiary resulting in the €5.8m pre-tax profit.